Alan Sugar’s empire hails record profit despite falling sales March 11, 2025 A group controlled by The Apprentice star Lord Alan Sugar has posted a record profit despite falling sales, it has been revealed. Amshold Trading has reported a pre-tax profit of £10.8m for the 12 months to 30 September, 2024, up from the £8.4m it achieved in the prior period. However, new accounts filed with Companies [...]
Hellofresh: Profit hike expected as cost-cutting drive extended March 11, 2025 Hellofresh has warned that its sales are set to fall this year but that its profit is expected to rise as it extended its cost-cutting drive. The recipe box delivery company, which is headquartered in Germany, said its cost-cutting programme, which was announced in the second half of 2024, would be extended until 2026. Hellofresh [...]
Brewdog: James Watt’s brewer names second CEO in a year March 10, 2025 Brewdog has appointed a new chief executive for the second time in the space of a year following the departure of James Arrow for “personal reasons”. Arrow has been succeeded at the Scotland-based brewer by chief financial officer, James Taylor. Lauren Carrol has taken on the role of chief operating officer, Brewdog also confirmed. The [...]
Travis Perkins: CEO steps down due to ill health March 10, 2025 The chief executive of Travis Perkins has stepped down with immediate effect because of ill health. Pete Redfern was appointed to lead the Northamptonshire-headquartered group in September 2024, succeeding Nick Roberts. In a statement issued to the London Stock Exchange, Travis Perkins said its board “supports Pete’s understandable decision to prioritise his health and wishes [...]
Atom Bank wants to inspire staff back to the office March 10, 2025 The boss of Atom Bank said he wants to inspire his staff back to the office as he announced plans to relocate its headquarters to Newcastle. Chief executive Mark Mullen has confirmed plans to move its head office from The Rivergreen Centre in Durham to The Pattern Shop in Newcastle. The Pattern Shop was where [...]
Gary Neville signs deal with cult London coffee brand Grind March 10, 2025 Cult coffee brand Grind is to open its first base outside London after signing a deal with Gary Neville to take space at his landmark city centre development in Manchester. Grind has agreed to take over 3,000 sq ft at No.1 St Michael’s scheme which is being led by Neville’s Relentless Developments. Grind joins the [...]
UK markets being ‘gradually undermined’ by tax regime – Interactive Investor boss March 10, 2025 The current tax regime is making UK markets “just about tradable” and are leading to their “gradual undermining”, according to the chief executive of Interactive Investor*. Speaking in the latest episode of City AM‘s Boardroom Uncovered podcast, Richard Wilson said his company has seen an increase in more investors trading in foreign markets instead of [...]
Bistrot Pierre: Jobs lost and restaurants closed as chain rescued March 7, 2025 Almost 160 jobs have been lost and a number of restaurants are to close after Bistrot Pierre was sold out of administration to a private equity firm. A vehicle owned by Cherry Equity Partners has snapped up part of the Nottingham-headquartered chain in a deal which has saved 394 roles and ten sites. However, eight [...]
Oracle: Tech giant passes UK milestone as profit jumps March 7, 2025 US technology giant Oracle has reported sales in the UK of more than £2bn for the first time as its profit jumped by over 20 per cent. Oracle, which in 2023 was the third largest technology company in the world by revenue behind Microsoft and Google, is the title sponsor of the Red Bull F1 [...]
OakNorth: Shareholders to be handed £40m as US expansion boosts profit March 6, 2025 Profit at challenger bank OakNorth has surged thanks to its expansion into the USA, it has been revealed. The London-headquartered digital bank has reported a pre-tax profit of £214.8m for 2024, up from the £187.3m it posted for the previous 12 months. Over the year, OakNorth provided more than £2.1bn in gross new lending to [...]
